About LIC Plan Calc
Empowering Indian insurance advisors, financial planners, and policyholders with instant, private, client-side actuarial calculations.
The Dual Frustration of Indian Life Insurance Tools
For more than a decade, millions of life insurance advisors and prospective policyholders across India were forced to navigate two fundamentally flawed digital experiences:
Web aggregators that hold calculation results hostage behind mandatory phone number and OTP gates, selling user contact info to boiler-room call centers and bombarding citizens with spam calls.
Legacy Android apps requiring 25MB+ Play Store downloads, draining device RAM with full-screen interstitial video ads, crashing during client presentations, and lacking desktop web availability.
Our Core Architectural Principles
LIC Plan Calc (licplancalc.com) was engineered from scratch as an open, zero-dependency web utility adhering to the highest standards of modern software engineering:
All premium tabular lookups, GST splits, and bonus compounding formulas execute client-side in pure TypeScript in <1ms.
Zero database logging. No phone numbers, no emails, and no OTPs are ever harvested, stored, or sold.
1-Tap formatted WhatsApp proposal sharing and instant print-ready client PDF generation directly from the browser.
Actuarial Rigor & Constant Synchronization
Our calculation formulas are strictly synchronized with declared Life Insurance Corporation of India valuation reports and standard underwriting tables:
- Simple Reversionary Bonus (SRB): Modeled per ₹1,000 Sum Assured per policy year across all eligible terms.
- Final Additional Bonus (FAB): Accurately calculated for long-term policies (15+ years) according to historical declared rates.
- GST Tax Splits: Strictly applied as 4.5% in Year 1 (CGST 2.25% + SGST 2.25%) and 2.25% for Renewal Years (CGST 1.125% + SGST 1.125%).
- High Sum Assured Rebates & Modal Rebates: Synchronously deducted for Yearly (2%) and Half-Yearly (1%) payment frequencies.
Independence & Open Ecosystem
LIC Plan Calc is an independent educational and computational technology project. We do not sell insurance policies, collect brokerage commissions, or act as an insurance intermediary.
We are wholly unaffiliated with Life Insurance Corporation of India (LIC) or the Insurance Regulatory and Development Authority of India (IRDAI). All registered trademarks, logos, and plan names remain the exclusive property of their respective owners.
Official Notice & Disclaimer
LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).
Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.